HomeIndustriesIndustrialsAI Gains vs. Inflation Woes: Industrial Distributors Shining in Expensive SPX

AI Gains vs. Inflation Woes: Industrial Distributors Shining in Expensive SPX

Justin Bergner shares his take on the current market landscape, where AI-driven stocks, such as Nvidia (NVDA), are driving gains, but inflation and job market concerns, as highlighted by Fed Chair Powell, create a tug-of-war. Despite the S&P 500's expensive valuation, Bergner sees value in the "pick and shovel" space, particularly in industrial distribution, citing Westco International (WCC) and GXO Logistics (GXO) as compelling plays.

Market On Close

24 Sep 2025

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